Crypto Valley Projects to watch: Banks, ETH Spinoffs and ATM Producers Entering the Space

Leading Blockchain Projects in Crypto Valley

Even though the crypto currencies are taking a tumble, many blockchain companies in Crypto Valley are taking this time to silently work on their technology and their Business models. We highlight the most important Projects and initiatives.

ChainSecurity
The ETH Zurich Spinoff, discovered a security leak in the planned Ethereum upgrade. Ethereum wanted to undergo one of its regular upgrades. However, this was stopped the last minute — due to a tip from the ETH spin-off Chainsecurity. Hubert Ritzdorf, CTO of ChainSecurity states: “If the upgrade had been carried out as planned, users could have attacked certain contracts with the intention of abuse and thus plundered the accounts of other users”.
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Vontobel
A premiere in the Swiss financial centre and worldwide: Vontobel offers institutional clients crypto depository services. The bank relies on a solution from the Geneva-based fintech Taurus’ Technology.
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Lamassu
Lamassu is moving to Crypto Valley. One of the first to develop the fiat-crypto machine concept when it launched in 2013, also noted the continuing prejudice companies in this industry face from the traditional financial sector.
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Nestlé
One of the biggest global food corporation Nestlé is launching a blockchain project with IBM. The blockchain brings valuable use cases not only to the financial sector but also to the food industry, with tracking of the supply chain through blockchain. (Article in German)
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Xapo
The Bitcoin service provider, Xapo, is transferring their key operations to Switzerland due to the friendly regulatory environment. Xapo president Ted Rogers states: “Swiss regulators are smart, interested and sophisticated in dealing with the financial markets.” Seeing other big industry players move to Switzerland, supports the attractiveness of the Crypto Valley.
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Polkadot
The blockchain protocol seeks to raise another 60 Million in 2019. They have previously raised $145 via token sale in October 2017. Polkadot is a blockchain interoperability protocol, developed by ethereum co-founder Gavin Wood and overseen by Parity Technologies and the Web3 Foundation, based in Switzerland.
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